Gatekeepers of Growth

Rating:
Summary: An excellent comparative study of central bank independence
Review: The increasing insulation of monetary policy-making process from the executive branch of government corresponds to the expansion of financial market. There are number of studies on central bank independence in developed countries, but the same issue in developing countries has not attracted a sufficient attention. In this lease explored field, Maxfield examines the contending arguments on central bank independence and provides rich case studies of middle income developing countries in the context of international political economy.

This book is recommended to everyone who is interested in political economy and democratization.